Filing Flows › Trinet Group (TNET) › Q1 2025
Trinet Group (TNET) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 25, 2025
Trinet Group (TNET) reported revenue of $1.3B for the first quarter 2025 (Q1 2025), +0.8% from a year earlier and +1% from the quarter before. Operating margin was 8.9%, net earnings $85.0M (6.6% of revenue).
Trinet Group, Q1 2025: revenue $1.3B (+0.8% year over year), operating margin 8.9%, net earnings $85.0M, operating cash flow $95.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | +1% | +0.8% |
| Operating profit | $115M | — | -6% |
| Net earnings | $85.0M | — | -7% |
| Operating cash flow | $95.0M | -83% | +4% |
| Free cash flow | $79.0M | -85% | +8% |
What changed
Revenue was $1.3B in Q1 2025, up 1% year over year and up 1% from the previous quarter.
Operating profit was $0.12B, a 8.9% margin (down 0.6 points year over year). Operating profit fell $0.01B even though revenue rose $0.01B versus a year earlier, so costs grew faster than sales. Total costs grew 1% against revenue growth of 1%. The fastest-growing cost line was Research & development (+11%). Net earnings were $0.09B, down 7% year over year. The effective tax rate was 26.1%.
Operating cash flow was $0.10B (up 4% year over year), 112% of net earnings. Non-cash charges added back $0.01B of share-based compensation. Capital expenditures of $0.02B left free cash flow of $0.08B.
Questions
What was Trinet Group's revenue in the first quarter 2025?
Trinet Group (TNET) reported revenue of $1.3B for the first quarter 2025 (Q1 2025), +0.8% from a year earlier and +1% from the quarter before.
Was Trinet Group profitable in the first quarter 2025?
Operating profit was $115M (8.9% of revenue) and net earnings $85.0M.
Source: Trinet Group 10-Q on SEC EDGAR.